ARTICLES ABOUT MARK MOBIUS BY DATE - PAGE 2

NEW DELHI: With the Narendra Modi-led NDA government ensuring renewed optimism, Mark Mobius of Franklin Templeton Investments told ET Now that he is 'very bullish on India.' Mobius expects to increase allocation to Indian stocks going ahead. "India remains the second-largest holdings in our Asia funds. I will be patient about investments in India," Mobius said. While Mobius continues to look for bargain stocks in India, he sees a 'lot of opportunities' in small cap stocks. Mobius is bullish on oil & gas stocks as well.

NEW DELHI: Profit booking on Dalal Street continued for the second consecutive day in a row on Tuesday, pushing benchmark indices below their key support levels. But analysts are confident that this is the starting of a structural bull market and investors should use every dip to enter the market. Benchmark indices have already risen over 25 per cent since September when the BJP officially announced Narendra Modi as their Prime Ministerial candidate. The Indian market has risen in anticipation of a decisive BJP victory and in anticipation of pro-growth reforms to kick-start growth in Asia's third largest economy.

India is in a bull market and it will probably continue, said Mark Mobius, executive chairman, Templeton Emerging Markets Group, Franklin Templeton Investments. Mobius said inflows from foreign institutional investors (FIIs) could double from last year. But, he cautioned there will be corrections and disappointments along the way as India still has economic problems. Edited excerpts: How do you think this new government will change India's economic landscape? It's going to be a wonderful, dramatic change, by which I mean a revolutionary change for India.

By: Biswajit Baruah & Nishanth Vasudevan MUMBAI: Is the gush of money that from foreign institutional investors (FIIs) that drove India's stock indices to record levels over for now? That's the question many on Dalal Street are asking after overseas investors sold stocks in three of the last four trading days, which has sparked worries that Indian stocks , which have received the second highest FII inflows among emerging markets (that disclose portfolio flows)

It's just the "beginning of a good time ahead" for Indian stocks, said Mark Mobius, executive chairman, Templeton Emerging Markets Group, Franklin Templeton Investments. In an interview with ET, Mobius, who oversees more than $50 billion in emerging markets, said local equities could deliver 15-20 per cent annualised returns over the next few years. He also talked about expectations from the new government and sectors that may do well in near future. Edited excerpts: Opinion polls suggest Narendra Modi-led BJP may form the next government.

MUMBAI: Indian markets are expected to deliver 15-20% annualized returns over the next few years, said Mark Mobius , executive chairman, Templeton Emerging Markets Group, Franklin Templeton Investments, which manages assets worth almost $900 billion. Mobius said it's just the "beginning of a good time ahead" for Indian stocks , which have attracted foreign portfolio investments to the tune of $4.5 billion so far in 2014. Markets have been rising on the expectation that a stable government will be formed after the election, with opinion polls favouring the Narendra Modi-led Bharatiya Janata Party.

By: David Scheer and Michael J Moore Goldman Sachs Group Chief Executive Officer Lloyd C Blankfein said emerging markets are better able to weather an investor retreat now than in 1998, when currency turmoil spread and forced international bailouts. "There were a lot of things in '98 that don't exist now," Blankfein, 59, said in an interview with Bloomberg while attending the Goldman Sachs Global Macro conference. Those markets now have "better reserves, more flexibility in exchange rates, better policy orientation," he said.

The worst isn't over for emerging markets after the benchmark stock index sank to a five-month low and the nations' currencies tumbled, said Templeton Emerging Markets Group's Mark Mobius. "The negative sentiment is pretty much in place so you can expect a lot more selling," Mobius, 77, who oversees more than $50 billion in developing-nation assets as an executive chairman at Templeton, said in an interview from Rio de Janeiro. "We are looking but actually not buying at this stage.

MUMBAI: The BSE Sensex extended gains by opening in the positive territory taking cues from other global peers. Metals, healthcare, FMCG and banks led the upmove while IT, power and capital goods sectors remained weak. The selling pressure in the emerging markets seems to have come to an end with most of them moving higher. "The bottom line for emerging markets, as I see it, is that the long-term investment case hasn't dramatically changed. And I don't see it changing as long as these three themes remain in place: emerging markets' economic growth rates in general continue to be at least three times faster than those of developed markets; emerging markets have much greater foreign reserves than developed markets; and the debt-to-GDP ratios of emerging market countries generally remain much lower than those of developed markets," said Mark Mobius of Franklin Templeton . At 09:20 a.m.; the 30-share index was at 20,307.50, up 46.47 points or 0.23 per cent.